Stock Trading Contest Winner!!
After a week of duking it out, a winner of our “Pick two stocks and try to beat out eMom though there really is no true purpose†contest has been named. For those who are just joining us for the first time, I asked five outstanding bloggers to name two stocks that they thought would perform the best over the course of a week. And, last week as I tracked their picks in an excel sheet (as with all contests!) they earned points for reaching and accomplishing random objectives (I love randomness). Though there were many ways to earn points, there was a big 10,000 point bonus that came from the contestant who’s picks performed the best overall. And, in an unprecedented performance, the all-star trader from last week with an average return between his two picks of an astounding 96.89% in FIVE days is…
Jim Kingsland of the Kingsland Report! His most volatile pick, Dendreon Corp (DNDN) saw its lead drug gain FDA approval late in the week, causing the price to soar nearly 150%! If you take a quick look at the chart to the left, you can see how DNDN saw its price shoot up heavily on Friday. Jim’s other pick, L J International Inc (JADE) was up 4.53% on the week which is still quite impressive, and so between the two his average was 96.89%. With Jim earning the most points for his big performance, this is how all our bonus points stacked up for the average return for the week overall:
- Jim Kingsland - 96.89% - 10,000 Point Bonus
- Frugal Trader - (-).60% - 5,000 Point Bonus
- Investoid - (-)1.71% - 3,000 Point Bonus
- Wendy - (-)2.55% - 2,000 Point Bonus
- Derrich - (-)3.39% - 1,000 Point Bonus
Jim was the only contestant with a positive average return on the week, but hats off to our other contestants as well because the NASDAQ Composite dropped a nasty 1.11% last week. It is known that 3 out of 4 stocks follow the overall market trends, so just by simple math we can conclude that any gain this past week is a big achievement, and minimizing losses isn’t a bad deal either. Great work guys!
Summarizing the other points earned on Friday, Jim and Wendy both earned 1,000 points for having their picks end up green on the day, and Investoid earned 500 points for AGE ending the day Friday green. All of these points added together with last update’s total gives us our final leaderboard:
- Jim Kingsland - 14,500 Points (3.5k+ 1k + 10k)
- Frugal Trader - 9,000 Points (4k + 5k)
- Wendy - 7,000 Points (4k +1k +2k)
- Derrich - 6,600 Points (5.6K + 1k)
- Investoid - 4,300 Points (.8k + .5k + 3k)
And there you have it! Jim jumped from 4th place to take the 1st place win, earning him the glory and a permanent spot in the Stock Trading 101 Hall of Fame, joining Julie Adams from the Guess the NASDAQ close Contest (see the sidebar on the right)! Congratulations Jim, you are the man! O, and for the fans of our “trader spotlight questions”, Jim’s simple advice for a first time trader was simply, “Learn to be patient”. He can’t be more right, the market in the end is a game, and patience DOES pay off. Also, you may be wondering, “Jim, what is your favorite sandwich man?” This seasoned veteran loves BLTs, and if I can say so myself, they are fantastic.
Beyond BLTs and Leaderboards though, all in all this past week was the MOST FUN I have had here on ST101 to date. Working with these bloggers and talking with them throughout the week was a blast, and if you haven’t checked out their sites yet, you best be getting to it because they are ALL great reads! I thank once again all of our contestants for participating in this latest contest!
Looking ahead this week, we will be taking a break from our stock trading contests to breath some fresh air. I have a lot planned for this week though, so don’t think the party is changing pace, OOOOO NO! It is staying right here people, trust me! Starting this week I may be battling things out in the FINALS of the 2007 bloggers tournament hosted by the one and only Derrich (voting for the semis ends tonight at 11:59 PM, and I am currently ahead!) and throughout the week things will be random and AWESOME as usual as I connect everyone with the best information the finance blogosphere has to offer. Lastly, later in the week I will be announcing the next stock trading contest, which should be some fun :p
So, a bigtime BBBBUUUUMMMPPPP to the conclusion of the latest stock contest, and I hope everyone had a great weekend! See you tomorrow.
.
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Eek. I was t3H loser. Those stock will be up nicely in about 6 months. I hope.
No doubt in my mind man!
Hey Blain, what’s the next contest going to be!?
Great contestants this week too, I have added them to my daily reads, “Bumpp”
Next contest is top secret
It is going to be fun though, don’t you worry. Now if you’ll excuse me I need to eat a BLT sandwich recommended by Jim.
Kingsland cheats!!
Just kidding, congrats!
Blain, how do you find the Konterra ads so far?
FT
I had a 3.45% CTR yesterday (1st day), and it made about 50% of what adsense did, but I also only had kontera up for half the day. If this can match my adsense revenue overall, I will be one happy camper!
I’m glad you’re getting some results too, Blain. At first, my Kontera ads were kicking AdSense butt. But now it’s leveled off somewhat. I think people were just curious. Who knows. Either way it hasn’t taken away from my AdSense…that’s for sure.
Here is my affiliate link. I hope you don’t if I post it here, Blain. If you do, I won’t be offended if you delete it. =)
http://www.kontera.com/mainform.aspx?type=1&aff_ID=11576
Ya, I agree man, I think curiosity is helping bring in money right now. But, what excites me is that it hasn’t taken away from adsense, and thus it is really creating revenue out of thin air.
Regarding the Aff link, since you hooked me up, then I support it Derrich!
Have you guys gotten any response from your readers? Do they find it takes away from the site with all the popups? I’m considering using it for my site, but I don’t want it to take away from the user experience.
FT
I haven’t received any complaints. The only complaints I’ve gotten were for the banner graphic ads, which I’ve taken down. Advertising needs to be relative to your content. I’ve replaced my random ads with Google AdSense, Text-Link-Ads, and AgLoco…instead of Carlton Sheets, WalMart, and some others.
I’ve only had mine up some 24 hours, but nothing yet. I have never found them annoying on other sites, which helped in my decision to implement them myself.
I like Derrich’s comment on being content related, most of mine have been for stocks, stock trading, investing, etc. which is exactly what I wanted. I don’t mind viewing content related ads, and I really do not believe the user experience will lack because of it. Try it out for a month and see, if not content then just remove um
Hey Derrich btw, have you had decent luck with your auction ads? Mine have been a flop, and I think I am going to swap them out for affiliate links, what have you found?
I’m actually swapping my Amazon ads for Auction Ads this month. [Totally] coincidentally, so has John Chow. I’ve made like $15 since mid-Feb with Amazon ads. Not bad. I’ve made $0.80 to date with AuctionAds, but they aren’t really visible. I’m going to make them visible and see what happens.
[...] out of gas at the end, and Gizmodo proved too powerful. (I guess that’s fair since I lost his stock picking contest.) Congrats to Gizmodo who joins Career Ramblings as 2007 Bloggers Tournament [...]